Nonferrous

  • EU approves Alcan packaging sale to Amcor Dec 15, 2009

    Rio Tinto Alcan has received the green light from the European Commission to sell its European packaging business to Australia’s Amcor Ltd. as long as that company divests its pharmaceutical packaging products business.

  • Chihong Zinc to develop Selwyn deposit Dec 15, 2009

    Yunnan Chihong Zinc & Germanium Co. Ltd. has agreed to jointly develop Selwyn Resources Ltd.’s namesake project in Canada, said to be one of the world’s largest undeveloped zinc-lead deposits.

  • Ferrovanadium market steadies after slide Dec 15, 2009

    The spot ferrovanadium market remains quiet but prices seem to have stabilized, producers and traders said.

  • Union a no-show for Vale talks Dec 15, 2009

    Brazilian miner Vale has ratcheted up the rhetoric, claiming that union officials failed to show up for a scheduled meeting to discuss a labor contract for the Voisey’s Bay nickel mine in Canada.

  • Union a no-show for Voisey’s Bay contract talks Dec 15, 2009

    Brazilian miner Vale has ratcheted up the rhetoric, claiming that union officials failed to show up for a scheduled meeting to discuss a labor contract for the Voisey’s Bay nickel mine in Canada.

  • Ferrovanadium spot prices steady after slide Dec 15, 2009

    The spot ferrovanadium market remains quiet but prices seem to have stabilized, producers and traders said.

  • RTI idles construction of Miss. titanium sponge plant Dec 14, 2009

    RTI International Metals Inc. has postponed plans to build a titanium sponge facility in Hamilton, Miss., and has signed two long-term sponge supply contracts with Japanese producers.

  • Noront Resources drops bid for Freewest Dec 14, 2009

    After several weeks of increasingly bitter rhetoric, Noront Resources Ltd. announced that it has failed to gather enough shareholder support for its hostile takeover bid for chromite explorer Freewest Resources Canada Inc.

  • Major US ferrosilicon buyers late in booking for 2010 Dec 14, 2009

    The U.S. ferrosilicon market has firmed on tighter supply, but this week will be critical as several major consumers are only now looking to wrap up their 2010 needs, traders and producers said.

  • Aluminum still rising, touches $2,300/T Dec 14, 2009

    Aluminum held at October 2008 highs in the official session at the London Metal Exchange on Monday as the light metal’s rally showed no signs of ending.

  • BofA analysts say base and precious metals to soar in 2010 Dec 14, 2009

    All metal markets will see pricing increase in 2010, even those in massive oversupply like aluminum, analysts at BofA Merrill Lynch Global Research said in year-ahead outlook in New York on Monday.

  • Domestic moly market quiet, but China showing interest Dec 14, 2009

    U.S. molybdenum spot prices are stable, but there are some indications that China might be looking to re-enter the market as a buyer, traders said.

  • Metals to soar in 2010, BofA analysts say Dec 14, 2009

    All metal markets will see pricing increase in 2010, even those in massive oversupply like aluminum, analysts at BofA Merrill Lynch Global Research said in year-ahead outlook in New York on Monday.

  • Tight supply, fund money bolstering lead market Dec 14, 2009

    The stars are aligning for the lead market, with ongoing supply constraints and buoyed demand positioning the heavy metal for a positive New Year, according to analysts and traders.

  • Some major ferrosilicon buyers late in booking for 2010 Dec 14, 2009

    The U.S. ferrosilicon market has firmed on tighter supply, but this week will be critical as several major consumers are only now looking to wrap up their 2010 needs, traders and producers said.

  • Domestic moly market quiet, but China showing interest Dec 14, 2009

    U.S. molybdenum spot prices are stable, but there are some indications that China might be looking to re-enter the market as a buyer, traders said.

  • Noront Resources drops hostile takeover bid for Freewest Dec 14, 2009

    After several weeks of increasingly bitter rhetoric, Noront Resources Ltd. announced that it has failed to gather enough shareholder support for its hostile takeover bid for chromite explorer Freewest Resources Canada Inc.

  • N. American aluminum production up as mill orders drift in Nov. Dec 11, 2009

    North American primary aluminum output inched higher in November for the third consecutive month as producers of the light metal looked to capitalize on higher aluminum prices, but mill orders continued to lag for the month.

  • N. American aluminum production up as mill orders drift in November Dec 11, 2009

    North American primary aluminum output inched higher in November for the third consecutive month as producers of the light metal looked to capitalize on higher aluminum prices, but mill orders continued to lag for the month.

  • US slaps massive duty on China magnesium Dec 11, 2009

    The U.S. Commerce Department has set an anti-dumping duty of 111.73 percent on magnesium from Chinese exporter Tianjin Magnesium International Co. Ltd. (TMI).

  • MMTA blackballs Shanghai Greatpower Dec 11, 2009

    Shanghai Greatpower Industry Co. Ltd.’s membership application has been rejected by the Minor Metals Trade Association (MMTA). “There was an objection, lodged by a member, to your application to join the MMTA,” association executive Roland Chavasse said in an e-mail sent to AMM sister publication Metal Bulletin by Shanghai Greatpower. “The issue was discussed at main committee level as a result of which your application to join was declined.” Beyond the e-mail, the copper and cobalt concentrates trader has not been given an explicit reason for the rejection, trader Jon Wu said Friday.

  • Eramet selling Tinfos International to Holta Dec 11, 2009

    Eramet SA has agreed to sell its wholly owned Tinfos International—parent company of Luxembourg-based Tinfos Nizi—to Holta Invest AS. “Following the transaction, Tinfos Nizi will continue to distribute high-purity pig iron from Tinfos Titan & Iron, an Eramet subsidiary,” Paris-based Eramet said. Tinfos Nizi groups together the trading activities previously held by Norwegian company Tinfos AS, in which Eramet acquired a majority interest in July last year. Holta Invest was the largest owner of Tinfos AS before it was sold to Eramet. “Holta Invest, with its previous extensive knowledge of Tinfos Nizi, has ambitions to further develop the company’s trading and distribution activities,” Eramet said. Tinfos Nizi has been marketing ferroalloys, pig iron and nonferrous metals since 1898, according to its Web site.

  • Alcoa commissions Alumar expansion Dec 11, 2009

    Alcoa Inc. has inaugurated the 2.1-million-tonne-per-year alumina expansion at its Consórcio de Aluminio do Maranhão (Alumar) refinery in northern Brazil, which now has the capacity to produce 3.6 million tonnes per year. Production will be ramped up to reach full capacity by the end of the first quarter of next year, Alcoa said in a statement sent to AMM sister publication Metal Bulletin. The Pittsburgh-based company’s investment in the alumina expansion totaled approximately $1 billion, placing its “global refining system in the lowest quartile on the global cost curve.” Alumar’s alumina operation is controlled by Alcoa Aluminio SA and Alcoa World Alumina & Chemicals (AWAC), which owns 54 percent. BHP Billiton holds a 36-percent stake and Rio Tinto Alcan owns 10 percent.

  • Asarco to fund $1.79B for cleanup of sites Dec 11, 2009

    Environmental settlements of $1.79 billion from the reorganization of bankrupt U.S. copper miner Asarco LLC will fund the cleanup of more than 80 contaminated sites in 19 states, according to the Justice Department and the U.S. Environmental Protection Agency. The federal government will use $776 million of the money for the restoration of 35 different sites. It will distribute an additional $436 million to the Coeur d’Alene Work Trust for the cleanup of a mine on the Idaho-Washington state border, and has allocated $261 million to three custodial trusts that address the owned but not operating properties of Asarco and more than $321 million to 14 different states to fund environmental settlement obligations at 36 additional sites. Tucson, Ariz.-based Asarco, which filed for Chapter 11 bankruptcy protection in August 2005, was pulled out of bankruptcy this month by former parent company Grupo Mexico SA de CV when it completed its deal to regain control of Asarco (AMM, Dec. 11).

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